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Welltower Earnings Calls
| Release date | Apr 28, 2026 |
| EPS estimate | $0.679 |
| EPS actual | $1.04 |
| EPS Surprise | 53.17% |
| Revenue estimate | 3.12B |
| Revenue actual | 3.352B |
| Revenue Surprise | 7.43% |
| Release date | Feb 10, 2026 |
| EPS estimate | $0.590 |
| EPS actual | $1.13 |
| EPS Surprise | 91.53% |
| Revenue estimate | 2.858B |
| Revenue actual | 3.181B |
| Revenue Surprise | 11.30% |
| Release date | Oct 27, 2025 |
| EPS estimate | $1.30 |
| EPS actual | $1.34 |
| EPS Surprise | 3.08% |
| Revenue estimate | 2.958B |
| Revenue actual | 2.686B |
| Revenue Surprise | -9.21% |
| Release date | Jul 28, 2025 |
| EPS estimate | $1.22 |
| EPS actual | $1.28 |
| EPS Surprise | 4.92% |
| Revenue estimate | 2.715B |
| Revenue actual | 2.516B |
| Revenue Surprise | -7.33% |
Last 4 Quarters for Welltower
Below you can see how WELL performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 28, 2025 |
| Price on release | $158.29 |
| EPS estimate | $1.22 |
| EPS actual | $1.28 |
| EPS surprise | 4.92% |
| Date | Price |
|---|---|
| Jul 22, 2025 | $161.09 |
| Jul 23, 2025 | $161.63 |
| Jul 24, 2025 | $161.40 |
| Jul 25, 2025 | $161.56 |
| Jul 28, 2025 | $158.29 |
| Jul 29, 2025 | $165.96 |
| Jul 30, 2025 | $166.38 |
| Jul 31, 2025 | $165.07 |
| Aug 01, 2025 | $166.24 |
| 4 days before | -1.74% |
| 4 days after | 5.02% |
| On release day | 4.85% |
| Change in period | 3.20% |
| Release date | Oct 27, 2025 |
| Price on release | $182.61 |
| EPS estimate | $1.30 |
| EPS actual | $1.34 |
| EPS surprise | 3.08% |
| Date | Price |
|---|---|
| Oct 21, 2025 | $175.12 |
| Oct 22, 2025 | $175.94 |
| Oct 23, 2025 | $176.06 |
| Oct 24, 2025 | $177.94 |
| Oct 27, 2025 | $182.61 |
| Oct 28, 2025 | $179.70 |
| Oct 29, 2025 | $176.96 |
| Oct 30, 2025 | $180.88 |
| Oct 31, 2025 | $181.04 |
| 4 days before | 4.28% |
| 4 days after | -0.86% |
| On release day | -1.59% |
| Change in period | 3.38% |
| Release date | Feb 10, 2026 |
| Price on release | $200.68 |
| EPS estimate | $0.590 |
| EPS actual | $1.13 |
| EPS surprise | 91.53% |
| Date | Price |
|---|---|
| Feb 04, 2026 | $185.48 |
| Feb 05, 2026 | $191.06 |
| Feb 06, 2026 | $195.92 |
| Feb 09, 2026 | $197.25 |
| Feb 10, 2026 | $200.68 |
| Feb 11, 2026 | $207.88 |
| Feb 12, 2026 | $208.14 |
| Feb 13, 2026 | $210.72 |
| Feb 17, 2026 | $215.48 |
| 4 days before | 8.19% |
| 4 days after | 7.37% |
| On release day | 3.59% |
| Change in period | 16.17% |
| Release date | Apr 28, 2026 |
| Price on release | $214.64 |
| EPS estimate | $0.679 |
| EPS actual | $1.04 |
| EPS surprise | 53.17% |
| Date | Price |
|---|---|
| Apr 22, 2026 | $199.75 |
| Apr 23, 2026 | $208.24 |
| Apr 24, 2026 | $208.75 |
| Apr 27, 2026 | $210.01 |
| Apr 28, 2026 | $214.64 |
| Apr 29, 2026 | $212.25 |
| Apr 30, 2026 | $217.34 |
| May 01, 2026 | $216.91 |
| May 04, 2026 | $217.16 |
| 4 days before | 7.46% |
| 4 days after | 1.17% |
| On release day | -1.11% |
| Change in period | 8.72% |
Welltower Earnings Call Transcript Summary of Q1 2026
Welltower delivered a very strong start to 2026 with high-single to double-digit growth across key operating metrics and raised its full-year FFO/share midpoint to $6.28. Q1 highlights include total revenue +38% YoY, adjusted EBITDA +36%, and normalized FFO per diluted share of $1.47 (up 22.5% YoY). Total-portfolio same-store NOI grew a record 16.4%, led by the senior housing operating (SHOP) portfolio, which posted its 14th consecutive quarter of >20% same-store NOI growth and now represents ~74% of same-store NOI. Occupancy gains (roughly +370 bps across the portfolio, with U.S. and U.K. near +400 bps) and RevPOR growth (~5% overall; ~6% in Canada) drove margin expansion (same-store NOI margin +320 bps; flow-through ~64%).
On capital allocation, the company remains highly active and opportunistic amid market volatility: $3.2B of investments closed in Q1, ~$7.3B closed/under contract subsequent or in-pipeline, and roughly $11B of dispositions completed since the start of 2025 (noting disposals are dilutive to 2026 EPS but extend longer-term growth). Investment volume for the year sits at ~$10.5B, with the majority of deals sourced off-market. Balance sheet improvement continued: gross proceeds in Q1 of $4.4B, ending cash ~$4.9B, and net debt/adj. EBITDA ~2.73x (targeting ~3x at year end). The company also monetized and began licensing its in-house data science platform (welltower.ai) and completed fundraising for a $2.5B U.S. seniors housing equity fund (fully committed).
Management emphasized (1) a strategic portfolio mix shift to higher-growth, operator-managed senior housing (Welltower 3.0), (2) operational leverage from the Welltower Business System and tech/data investments to sustain outsized NOI and margin gains, (3) disciplined, price-conscious M&A with speed and certainty as competitive advantages in volatile markets, and (4) a focus on long-term shareholder value over short-term EPS maximization. Key risks reiterated include macro/geopolitical volatility, capital markets retrades, and execution intensity in scaling operations and tech.
